About this market

Rise in export to European countries is identified as one of the key trends that will gain traction in the clove market for the next four years. European countries are expensively depend on developing countries for the supply of cloves. The major suppliers of cloves for the European markets are Madagascar, Sri Lanka, Comoros, India, and Indonesia. Technavio's analysts have predicted that the clove market will register a CAGR of almost 5% by 2023.

Market Overview

Health benefits of cloves

Cloves are consumed globally because they have numerous health benefits. Some of the health benefits of cloves that are driving the market includes its richness in antioxidant property, ability to fight against cancer, and cure diabetes.

Clove plant diseases

Clove plants often contract many diseases. Some of the common ones include seedling wilt, leaf rot, leaf spot and bud shedding and dieback.

For the detailed list of factors that will drive and challenge the growth of the clove market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies and the competitive environment is quite intense. Factors such as the rise in export to European countries and health benefits of cloves, will provide considerable growth opportunities to clove market vendors. BERJE, McCormick & Company, NOW Foods, Saipro Biotech, and VAN Aroma are some of the major companies covered in this report.